Report Update: May 8, 2024

Singapore - Hydraulic Jacks And Hoists For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Hydraulic Jack Price in Singapore - 2022

Hydraulic Jack Price in Singapore (CIF) - 2022

The average hydraulic jack import price stood at $286 per unit in 2022, increasing by 78% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $328 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,276 per unit), while the price for China ($72 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Hydraulic Jack Price in Singapore (FOB) - 2022

In 2022, the average hydraulic jack export price amounted to $27 per unit, picking up by 43% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The export price peaked at $102 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($303 per unit), while the average price for exports to Malaysia ($3.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-5.5%), while the prices for the other major destinations experienced a decline.

Hydraulic Jack Imports in Singapore

In 2022, overseas purchases of hydraulic jacks and hoists for raising vehicles decreased by -0.3% to 31K units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. As a result, imports reached the peak of 31K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydraulic jack imports skyrocketed to $8.8M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Hydraulic Jack in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	22.8	N/A	6.5	2,114	352.6%
United States	456	470	575	1,057	32.3%
China	1,077	1,488	949	1,020	-1.8%
Germany	437	756	532	687	16.3%
Taiwan (Chinese)	2,567	253	248	527	-41.0%
Malaysia	155	125	141	520	49.7%
Japan	142	404	712	306	29.2%
Italy	284	84.7	116	286	0.2%
Spain	117	38.9	29.4	95.0	-6.7%
Others	2,114	1,605	1,635	2,176	1.0%
Total	7,372	5,226	4,943	8,789	6.0%

Top Suppliers of Hydraulic Jack to Singapore in 2022:

China (14.2K units)
Taiwan (Chinese) (5.4K units)
Japan (3.9K units)
Belgium (1.9K units)
United States (1.1K units)
Malaysia (1.0K units)
Germany (0.8K units)
Spain (0.7K units)
Italy (0.2K units)

Hydraulic Jack Exports in Singapore

Hydraulic jack exports from Singapore skyrocketed to 315K units in 2022, increasing by 27% against the previous year. In general, exports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 52%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, hydraulic jack exports surged to $8.6M in 2022. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Hydraulic Jack in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	2,806	1,434	1,379	3,872	11.3%
Saudi Arabia	N/A	N/A	N/A	692	0%
Malaysia	1,868	679	754	553	-33.4%
Philippines	119	138	186	266	30.8%
South Korea	134	28.4	1.2	192	12.7%
Others	1,957	1,262	2,432	3,067	16.2%
Total	6,884	3,541	4,752	8,642	7.9%

Top Export Markets for Hydraulic Jack from Singapore in 2022:

Malaysia (159.6K units)
Indonesia (71.2K units)
Saudi Arabia (26.0K units)
Philippines (15.9K units)
South Korea (8.0K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hydraulic jack market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221350 - Hydraulic jacks and hoists for raising vehicles (excluding those for use in garages)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023